Economy: Page 14

  • Aerial view of Las Vegas strip in Nevada
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    f11photo via Getty Images
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    Officials approve new Las Vegas Strip resort

    Developers continue to plan massive projects in Sin City, like billionaire Tilman Fertitta’s casino resort, despite warnings of a slowdown.

    By • Oct. 20, 2022
  • A sign shows elevated gas prices in California.
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    Justin Sullivan via Getty Images
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    Construction input prices fall slightly

    Though the drop in materials costs is welcome, with overall wholesale prices rising at twice the rate analysts expected, the Federal Reserve has more evidence to support another round of interest rate hikes.  

    By • Oct. 13, 2022
  • Construction site Explore the Trendline➔
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • Workers set up scaffolding at the construction site of a new apartment building.
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    Sean Gallup via Getty Images
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    Contractors added to backlogs in September, expect higher profits

    Associated Builders and Contractors’ Backlog Indicator and Construction Confidence Index rose in September, though outlooks for overall sales remained lower than August and last year. 

    By • Oct. 11, 2022
  • Rivet II is the second building of a four-phase redevelopment project headed by New Jersey City University.
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    Courtesy of Arc Building Partners
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    Q&A

    Construction management firm CEO: recession ‘feels like a self-fulfilling prophecy’

    Construction Dive talks with Frank Ciminelli, president and CEO of Buffalo, New York-based Arc Building Partners, about the pandemic, a potential recession and other challenges in the industry.

    By • Oct. 11, 2022
  • Turner Construction
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    Permission granted by Turner Construction
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    Turner: Labor shortage prompts contractors to be selective about jobs

    Builders are turning to megaprojects to get the most out of their skilled workforce, according to a recent report from the country’s largest contractor.

    By • Oct. 11, 2022
  • Construction workers in reflective vests work on building a road.
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    Joe Raedle via Getty Images
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    Why September’s hot jobs report is ‘terrible’ for construction

    Surging employment, led by a rise in nonresidential workers and combined with slowing proposal activity, gave market watchers reason to be wary of the road ahead. 

    By • Oct. 10, 2022
  • Fluor worker
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    Courtesy of Fluor
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    September 2022 Project Wins: The country’s top contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders.

    By Construction Dive Staff • Oct. 6, 2022
  • construction worker at The Boro
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    Courtesy of Associated Builders and Contractors
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    Construction spending dips, but contractors remain optimistic

    The rising costs of both financing and construction services put a dent in nonresidential outlays.

    By • Oct. 4, 2022
  • A person with a blue construction hat and a blue clipboard in the left arm shakes hand with a person offscreen.
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    iStock.com/skynesher

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    Sponsored by American Express

    American Express equips construction businesses with tools to help maximize growth

    Now is the time for construction business owners to ensure they have the right financial solutions in their toolbox.

    Oct. 3, 2022
  • U.S. economy contracted for second consecutive quarter
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    Baris-Ozer via Getty Images
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    US faces risk of long stagflation struggle: Moody’s

    Rising materials costs could harm construction and manufacturing companies, according to Moody’s Analytics.

    By Jim Tyson • Sept. 27, 2022
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    Danielle Ternes/Construction Dive
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    Column

    The Dotted Line: Cost escalations lead to more disputes

    Construction attorneys say price increases for labor and materials are causing friction between GCs, subs and owners.

    By • Sept. 27, 2022
  • A construction crew drills a water well.
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    Courtesy of Granite Construction
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    Granite nixes plans to sell water, mineral units

    Kyle Larkin, the firm’s president and CEO, said “current market conditions” meant the firm couldn’t get the price it wanted for the businesses.

    By • Sept. 20, 2022
  • A picture shows a completed Sacred Heart Schools building in Atherton, California.
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    Courtesy of XL Construction
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    Q&A

    XL Construction’s Chris Bailey talks inflation, supply chain and the need for immigration reform

    After correctly predicting that higher costs and supply chain impacts weren’t temporary in early 2021, the California-based contractor gives his views on the biggest challenges facing the sector now.

    By • Sept. 19, 2022
  • Lumber supplies sit on shelves in a construction supply store.
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    kali9/E+ via Getty Images
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    Construction input prices fall for second straight month

    The costs for building a commercial project declined 1.4% in August, following a similar decline in July, but were still up 16.7% from a year ago. 

    By • Sept. 15, 2022
  • The White House in Washington DC at summer day.
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    lucky-photographer via Getty Images
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    White House details how CHIPS money will be spent

    The Department of Commerce’s CHIPS for America fund will invest $50 billion to revitalize the domestic semiconductor industry, protect national and economic security and create jobs.

    By • Sept. 15, 2022
  • An overhead shot shows a large commercial construction project.
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    Sushiman/iStock via Getty Images
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    Armed with steady backlogs, nonresidential construction pros shrug off recession fears

    Commercial contractor confidence rose in August — a stark contrast to the homebuilding market, which is already in a recession.

    By • Sept. 13, 2022
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    Justin Sullivan via Getty Images
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    Railroads prepare for nationwide strike

    A major rail stoppage could add to construction’s supply chain woes, according to a new report.

    By • Sept. 13, 2022
  • Two engineers look over plans at a construction site.
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    Marco VDM/E+ via Getty Images
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    Construction planning numbers fall

    For the year, the Dodge Momentum Index was still broadly positive, but the impacts of inflation and fear of a recession are starting to emerge.  

    By • Sept. 8, 2022
  • Construction workers perform jobs at a large building project.
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    schwartstock/iStock via Getty Images
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    Q&A

    Construction accountant on IIJA funds, inflation and CHIPS Act’s $500B potential

    Erin Roberts, head of Ernst and Young's global construction and engineering practice, talked with Construction Dive about the additional boost private funding will give government programs.

    By • Sept. 6, 2022
  • A construction worker sits alone at a jobsite.
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    SimonSkafar/E+ via Getty Images
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    Construction unemployment rose in August, and that’s good news for contractors

    The sector’s overheated jobs market is beginning to cool, while average construction wages rose to nearly $35 per hour.

    By • Sept. 2, 2022
  • An overpass under construction in Miami.
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    CHUYN/iStock via Getty Images
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    Public projects keep nonresidential construction spending positive, overall sector falls

    Total construction spending fell 0.4% in July, but highway and public safety jobs, funded by public dollars, kept non-housing-related spending in the black.

    By • Sept. 2, 2022
  • Construction workers complete tasks on a jobsite.
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    Courtesy of Associated Builders and Contractors
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    Construction job openings spike higher

    After dipping in June, unfilled positions in the sector soared 11.3% last month from a year ago, increasing chances of more interest rate hikes ahead.

    By • Aug. 30, 2022
  • Uncut sheet of U.S. $100 bills
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    eranicle/iStock via Getty Images
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    6 tips for defanging inflation

    These strategies can help blunt the effects of rising price pressures, according to a new report from Deloitte.

    By Jim Tyson • Aug. 30, 2022
  • Wall Street
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    Spencer Platt via Getty Images
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    Public firms report lower profits, muted outlooks

    Several construction industry giants saw profits fall and lowered their outlooks for the remainder of the year amid continued impacts from COVID-19 and inflation. 

    By • Aug. 26, 2022
  • The grey, nearly rectangular FieldPrinter robot rests on a concrete floor with a cityscape in the background.
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    Courtesy of Dusty Robotics
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    Global construction robot market value to triple by 2030

    Leaders in the space include Apis Cor and Dusty Robotics, according to a new report.

    By • Aug. 24, 2022